Juventus’ entire board of directors have resigned in a shock move that could be reminiscent of the club’s relegation in 2006.
GOAL reports that president Andrea Agnelli, vice-president Pavel Nedved, and managing director Maurizio Arrivabene have all resigned from the Italian club.
It comes after an extraordinary meeting was held on Monday (November 28) evening where a unanimous decision was made.
Arrivabene will remain in charge of his administrative duties despite resigning, with the club set to fall into a significant period of transition.
It comes after an investigation arose as a result of Juventus players and then head coach Maurizio Sarri agreeing to cut their salaries throughout the Covid-19 pandemic.
However, Italian prosecuting authorities found some irregularities and decided to conduct an investigation into the matter that has led to the resignation.
The Turin prosecutor alleged that the club misrepresented financial losses between 2018 and 2020, investigating the amount ascribed to player sales, according to Daily Mail.
According to Sky Italy director, Juventus situation could be same dangerous as in 2006, and something huge is gonna blow up.
In 2006 Juventus was relegated
— Tancredi Palmeri (@tancredipalmeri) November 28, 2022
Sky Italia director Federico Ferri appeared on Sky Sport 24 to comment on the situation.
His comments translated to: “What is happening in these hours is totally connected to the story of the Prisma investigation, to the capital gains, to the hypothesis of the false accounting, to Consob findings.
“This is the beginning of a new path: in all probability, indictments are on the way, the lawyers have the trial papers in hand and there are wiretapping papers, of emergency, without going to make comparisons but as a sense of responsibility it is completely comparable to 2006.”
In 2006 Juventus were relegated to Serie B for their involvement in the Calciopoli Scandal that found managing director Luciano Maggi had an exclusive relationship with referee designations.
This allowed him to exert his influence and handpick referees for the matches.
Juventus board led by Andrea Agnelli has resigned. Means vice chairman Pavel Nedved also out. They’re among those prosecutors want jail terms for following fraud investigation. Agnelli also major player in failed Super League effort, and ally of rebels Barca and Madrid. pic.twitter.com/GassmIGIvH
— tariq panja (@tariqpanja) November 28, 2022
Agnelli had been president of the Old Lady for 12 years and helped Juventus to a decade of dominance in Italy, winning nine consecutive Scudetti.
Nedved gained his seat on the board in 2010 before becoming vice president in 2015.
The club legend was one of the players who stayed with the club when they were relegated to Serie B in 2006.
Arrivabene arrived from Formula 1’s Scuderia Ferrari in 2019, and was appointed the club’s CEO in 2021.
The club confirmed in a press release that a new board of directors would be elected in a scheduled meeting on January 18, 2023.
SPORTbible reached out to Juventus for comment.